LLP Law Manual book by Taxmann

This book is a guide to India's legal framework and compliance requirements for Limited Liability Partnerships (LLPs). This comprehensive manual offers detailed coverage of the Limited Liability Partnership Act, 2008, as amended by the Limited Liability Partnership (Amendment) Act, 2021, along with related rules, circulars, notifications, and foreign investment provisions.

It is an essential resource for legal practitioners, corporate professionals, academicians, and anyone involved in LLP formation and governance.

The Present Publication is the 14^th Edition | 2025 and is amended up to 25^th November 2024. It covers the amended and updated text of LLP laws, including:

• Limited Liability Partnership Act
• Text of the Limited Liability Partnership Act, 2008, as amended by the Limited Liability Partnership (Amendment) Act, 2021
• Limited Liability Partnership (Amendment) Act, 2021
• Limited Liability Partnership Rules
• Limited Liability Partnership Rules, 2009, as amended to date
• Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012, detailing procedures for winding up and dissolving LLPs
• Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023, addressing compliance obligations related to beneficial ownership
• Circulars and Notifications
• Texts of all significant circulars and notifications issued under the LLP framework
• Foreign Direct Investment (FDI) in LLPs
• Relevant extracts from the FDI Policy Circular No. DPIIT Circular F. No. 5(2)/2020-FDI Policy, dated 15-10-2020
• Rules and provisions from the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, including Rules 2(af), 6, and Schedule VI
• Guide/Short Commentary on the LLP Act (30+ Pages), including:
• Formation and Incorporation of LLPs
• Rights and Duties of Partners
• Compliance Requirements
• Winding Up and Dissolution Procedures
• Role and Responsibilities of Significant Beneficial Owners
• Offences, Penalties, and Dispute Resolution
• Provisions Related to Foreign Investment in LLPs